With Rebosis Property Fund’s debt ballooning to R9.5bn, and after protracted business rescue attempts, the major property group has been left with no option but to sell some of its assets, including Baywest Mall, worth a total R1.6bn.
When it rains, it pours residents in drought-stricken Nelson Mandela Bay were harshly reminded of this at the weekend as some homeowners had to wade, knee-deep, through water as their belongings were washed away and electronics destroyed.
Accused of falsifying a settlement agreement, forging another lawyer’s signature, and then duping his client into paying the incorrect amount of money into his trust account, the conduct of Du-Wayne Stoltz was brought to the fore on Tuesday as two Gqeberha lawyers took him to task.
Accused of deceiving the Legal Practice Council (LPC) into thinking he had removed the signage of Nolands Law, then continuing to use its branded stationery and operating the website, attorney Du-Wayne Stoltz narrowly dodged being struck from the roll this week and was instead slapped with a fine.